FIT (Foxconn Interconnect Technology) Hon Teng Limited (HK.6088) (“FIT”, together with its subsidiaries, the “Group”), part of the world’s largest electronics manufacturer and leading technological solution provider, today announced that it has successfully completed the acquisition of Prettl SWH GmbH and its subsidiaries (the “SWH Group“), one of the leading developers and manufacturers of sensor, connectivity and electrification solutions, which will become acore pillar of FIT’s mobility division. The new company name FIT Voltaira Group GmbH (“FIT Voltaira”) fully aligns with FIT’s strategic development direction in the EV mobility business and is expected to create new growth engines for the Group. With this acquisition, FIT remains committed to enhance global technology and service capabilities, expands its global talent pool in the automotive and EV mobility business, in order to effectively meet customer demands.

As a result of the acquisition, the new company will become a subsidiary of FIT under the name FIT Voltaira, maintaining its operational independence while preserving its forward-looking and innovative mindset. Ulrich Eichler will remain as CEO of FIT Voltaira. FIT Voltaira is positioned to grow and benefit from strategic drivers transforming the mobility industry and will continue to operate in the market with its three business segments, Sense, Connect and Electrify, delivering its technology solutions in these key areas to third party customers. Its vision for the future is to enable creative mobility solutions for a connected world. FIT Voltaira will spearhead FIT’s activities in Mobility applications and will closely collaborate with FIT and its customers to create operational synergies and sustainable value for the benefit of all stakeholders and in the best interest of the company.